Just Dial Q2FY26 Net Profit Declines 22.5% YoY Despite Revenue Growth

Mumbai, October 14, 2025: Just Dial Limited (NSE: JUSTDIAL, BSE: 535648), the premier local search engine platform in India, witnessed the net profit decrease by 22.5% year-on-year (YoY) during the three months until September 30, 2025, even as operating revenue registered modest growth, supported by steady business momentum across key service segments.

Just Dial provides local discovery and search across the web, mobile, and voice platforms in India, linking businesses with customers in millions of categories. It’s a B2B marketplace platform, JD Mart, that enables MSMEs to digitalise their catalogues and sell to new customers across the web. The company is located in Mumbai and is listed on the BSE and NSE.

Key Financial Highlights (Q2 FY26)

Just Dial reported Q2 FY26 revenue of ₹303.1 crore, reflecting a 6.4% increase year-on-year from ₹284.8 crore in the same quarter last year and a slight rise from ₹297.9 crore in Q1 FY26. The company’s EBITDA climbed to ₹87.1 crore, registering modest growth both sequentially and YoY, driven by sustained performance in its local search and digital services segments.

However, net profit fell to ₹119.4 crore, down 22.5% from last year and 25.2% from the previous quarter, mainly due to higher costs. The net profit margin fell to 31.7% compared with 38.7% during the second quarter of FY25.

The company reported operating revenue of ₹303.1 crore in Q2 FY26, up 6.4% year-on-year (YoY), supported by higher paid listings and improved customer retention. However, a sharp 35.5% YoY decline in other income, partly due to rising bond yields, weighed on overall profitability, resulting in a 19% YoY drop in profit before tax. The EBITDA stood at ₹87.1 crore, maintaining a 28.7% margin, effectively unchanged on a basis-point basis compared with the same period last year, reflecting steady operational efficiency despite external income pressures.

Business Performance

• Traffic (Unique Visitors): 197.7 million users in Q2 FY26, marginally down 0.2% YoY.
• Active Listings: 51.2 million, up 10.8% YoY.
• Active Paid Campaigns: 6.24 lakh, up 4.3% YoY.
• Cash & Investments: ₹5,569.7 crore as of September 30, 2025, marking a 12.7% YoY rise.
• Deferred Revenue: ₹526 crore, up 2.0% YoY.

Management Commentary

The Chief Growth Officer, Shwetank Dixit, called the quarter one of “consistency and disciplined execution,” during which the company solidified its tech, process, and talent foundations. Dixit highlighted continued investments in AI and other emerging technologies to improve operational excellence and user experience.

REF: https://nsearchives.nseindia.com/corporate/chintan_13102025211746_Press_Release_sd.pdf

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